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Are You A Rich Retiree Or Just Upper-Middle Class? Here's The Net Worth That Separates The Two
To find that line, the most reliable place to start is with data, not vibes. The U.S. Census Bureau divides American households into quintiles — five equal groups, each representing 20% of households ranked by income.
Find out the minimum net worth that qualifies as upper class in your 70s—and see how your retirement savings stack up against the benchmark.
Nearly two-thirds (64%) of U.S. millionaires don’t consider themselves to be “wealthy,” according to a new report from insurance firm Northwestern Mutual. The share of millionaires shunning the term is down slightly from last year — the first time the firm asked the question — when 68% of millionaires said the same.
The Great Wealth Transfer will not only reshape the country’s financial landscape, but will also transform the wealth and investment management industry. Eighty-one percent of next-gen high-net-worth individuals plan on switching advisors within one to two years after receiving an inheritance, according to Capgemini.
Could the Seinfeld gang actually afford to retire in New York? Let's break down each character's prospects for a happy retirement in America's priciest city.